Bitcoin Forum

I thought this was a great post about how we should approach the current bear market and beyond:

https://medium.com/@moac_io/blockchain-values-to-maintain-in-2019-88de8b771480

For me, patience is a big thing. It's easy to forget that crypto is still so young and I've still doubled if not tripled my investment

That's a wrong way of looking at blockchain! Blockchain is a technology and crypto is a use-case of blockchain, so one should not judge blockchain by its monetary value. The reach and impact of blockchain is far beyond the reach of cryptocurrency. Even the article says the same things as the first point under "patience",



Believe in the technology and not in the price! That's an investor's job to measure the monetary value who would invest in this technology to scale up his business and that's how it should be measured. Cryptos are just a mare use-case and nothing else!

Blockchain =/ cryptocurrencies, so I don't see why you're talking about value when we see that blockchain's application on certain industries are a much important and related thing to talk about. It is the tech in which cryptocurrencies are dependent to to mint new coins from their systems. Most blockchain applications are coming from financial services and governments at this point in time, and we would be seeing more and more application of the said tech on more areas of the industries for years to come. Even the health industry is trying to integrate blockchain in keeping medical records as they see a potential on the tech.

Blockchain is still in its early stage, so the possibilities of adoption are endless. To maintain the constant speed within the blockchain, we must maintian values of patience, focus, optimism, and vision.

for me, the biggest thing is patience. it's easy to lose sight but in the big picture, crypto has been very successful. also gotta stay patient with moac lol

surely the key to success is patience? but how patient are you in facing patience when you see a market that continues like this ... this certainly will not continue like this, continue to be patient until the success comes

I strongly agree with this part of the article :

"With the current state of the market, people tend to resort to the price valuation of crypto as a gauge of how blockchain is doing. However, this past year featured more adoption across a variety of industries, including supply chain management, economics, and energy resources. Remaining optimistic about the state of blockchain will only help this revolutionary technology flourish."

People are definitely too focused on the price and they are losing confidence in the technology, when the technology is still rock solid and the adoption is growing day by day.

The people that are gauging Bitcoin's success based on the price, are not seeing the bigger picture and most of them are just interested in the speculative value of the currency.  ::)

Patience is one of the important thing right now and if you do not have any patience you need to sell out all your token and do not invest again simply because in this field and in this current situation of market you need to be patience and have faith in cryptocurrencies.

You need to maintain your crypto assets, and you don't need to worry about market turmoil, crypto can still be up and can give you profit if you are patient in holding it.

I don't quite agree with your view

Or with the view expressed in the article (you choose which). More specifically, I can't agree with the part about "people too focused on the price and losing confidence in the technology". If the technology helps you in a major way, do you actually need to have confidence in it or care about what today's price is?

You just use it without thinking too much about it, whether you have confidence or not. In other words, if it is something worthy, you don't have to care about having to believe in it. That confidence will come about naturally from its usefulness or utility as a side effect. Otherwise, it may not be as useful as marketers claim

Holding onto a single use of a technology is unproductive. It does not make sense to limit yourself to something unlimited. Several projects have shifted focus and used Blockchain for other uses.

It seems to me, except for speculators, nobody thinks so. Everyone knows and monitors all the latest news related to the blockchain technology.Knowing it is difficult to imagine that person who would deny the prospects of this technology.I hope we are waiting for an interesting year 2019

The article itself is written vaguely without any concrete examples on why he remains optimistic in the technology itself. There are no mentions of any cryptocurrency and no mentions about patents related to Blockchain that are obtained by companies. In fact judging by how he have written his article I only see that he is talking about Blockchain technology as a P2P payment system which is pretty close minded on his part. To be frank he is just like one of those bounty spammers we have here in our forum writing shit up just to say  he have completed an article.

I think crypto is great and we've focused on price speculation for the most part. Great read imo written by a legit project to be watching

I think every cryptos still have a good chance to be successful, even though it's in the bear market. Cryptos will be fine so just be patience.

One thing is certain here, Blockchain technology is still in its early stages and still has an enormous potential for growth and further development, we that are already here at this time should be grateful. Even though the prices of cryptocurrencies are not very much warmly, but yet the technology itself is getting better and reaching a wider audience on daily basis, and that's something to be happy for.

Patience is key!! since we have been having dip after dip its easy for new comers to not want to invest, but its important that we know that it will get better

that article is related to blockchain and I don't think anyone can argue that blockchain will continue to be valuable in the near future. crypto is not same blockchain though and one shouldn't confused them with each other, although they are connected they are not the same thing.

You can use google for clearer and simpler answer.

Anyway, the purpose of it is to make sure that data are stored properly on a public storage which cant be edited by anyone. And transactions that happens on the blockchain are much faster. It gives transparency. There will be some other explanations out there if you google it.

Blockchain is far more widespread now than it ever was in the past. Also we are closer than ever to getting institutional investors in. Bakkt is just a couple of months away so just a little patience is needed

There is no doubt that everybody want things to always work-out in their favor and when it doesn't, they opt-out easily. Most people are disregarding the fact that blockchain is still a new technology that would take time to adopt and implement. It is only when we see it as such that we would be able to hold on to it. We cannot expect a newborn baby to start working or running right from birth.

but unfortunately at the moment this "newborn baby" is being used in the wrong way.
nowadays I keep seeing it being mentioned in weirdest contexts which it doesn't even belong. each time it reminds me of that meme where the guy goes to his boss and tells him we have to adopt blockchain technology and keeps on hyping it up with nonsense.
and that is one of the biggest problems that has been preventing the technological advances in this field in my opinion. then on top of that we have the pump and dump altcoins and ICOs which are making everything that much worse.

Patience is definitely key to developing and sustaining the blockchain technology and cryptocurrency use cases. It has only been 10 years since Bitcoin was born and about 5 years since there are large number got interested into developing the technology.

Many of us may gain and lose in value and money within this few years, but the biggest gain will always come at a larger scale when each individual tiny developments are a stepping stone for blockchain and crypto to achieve mass adoption and industrialize utilization. However, this will all take a long time, maybe another 10 to 20 years, but no doubt this is the way forward for the entire crypto space.

If you were here a couple years ago you could feel that with your skin

I had been ridiculed, laughed at or otherwise made fun of when I was telling people that blockchain has very specific use cases (with one of these being cryptocurrencies), that it doesn't offer anything that other technologies wouldn't offer too but without its overhead. It is not so much the ignorance that was astonishing (you kinda get used to it) but impenetrable obstinacy that typically goes along with it

Overall the articles that you load have views that are not in accordance with the functions of bitcoin and blockchain. Blockchain is a technology that regulates and processes transactions of bitcoin. While bitcoin is a tool for the blockchain, so as it has nothing to do with the blockchain affecting changes in the price of bitcoin. Although bitcoin and blockchain cannot be separated at all, both will function when used by everyone.

However, regarding investment, I agree with the patience that everyone must have. Everyone must have a target for a long term investment if not then he will never last long to invest in cryptocurrency or even in another investment place. You can imagine when the price of bitcoin is volatile then there is someone who just wants to make a profit by just choosing a short term investment, I'm sure he won't succeed at all.

when the price conditions at the place of exchange as at present and many coin prices fall, there is no other way but to hold the price back up because if you sell the assets you have it will only lose money because of selling it at a cheap price like today.

i think this is a good signal for the market in new year

i read about a post also by cointelegraph that talked about bitcoin taking decades to reach back it highest rise and when it does it will come stronger due to more general acceptability

The value of the blockchain has greatly increased in recent years. And with it the value of cryptocurrency. That's cool. Even despite the situation on the market now, crypto continues to be popular and in demand, which confirms its value for us.

You can tell you a huge lucky but most people probably lost their money in 2018 and that’s sad